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GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Composition of Goodwill and Intangible Assets
The composition of goodwill and intangible assets is as follows:
December 31, 2024December 31, 2023
(In millions)
Goodwill$149 $163 
Intangible assets with indefinite lives
Trademarks
Amortizable intangible assets
 Licenses and others18 14 
Non-compete agreements
Customer lists14 12 
Trademarks12 
Hubs network
Others
Total intangible assets52 53 
Accumulated amortization(40)(42)
Total intangible assets, net$12 $11 
Schedule of Changes in Carrying Amount of Goodwill
The changes in the carrying amount of goodwill for the years ended December 31, 2024 and 2023 are as follows:
Year Ended December 31, 2024
BrazilMexicoArgentinaChileColombiaOther countriesTotal
(In millions)
Balance, beginning of the year$64 $44 $10 $37 $$$163 
Business acquisition— — — 12 
Currency translation adjustments(14)(7)— (4)(1)— (26)
Balance, end of the period$56 $39 $14 $33 $5 $2 $149 
Year Ended December 31, 2023
BrazilMexicoArgentinaChileColombiaOther countriesTotal
(In millions)
Balance, beginning of the year$60 $39 $10 $37 $$$153 
Effect of exchange rates changes— — — 10 
Balance, end of the year$64 $44 $10 $37 $6 $2 $163 
Summary of Expected Intangible Asset Amortization Expense
The following table summarizes the remaining amortization of intangible assets with definite useful life as of December 31, 2024:
For year to be ended December 31, 2025$
For year to be ended December 31, 2026
For year to be ended December 31, 2027
Thereafter
$8